Shell Gas Station

NNN Pro is pleased to present the exclusive listing for a Shell Gas Station located at 7290 Central Industrial Dr, Riviera Beach, FL 33404.​ The site consists of roughly 952 rentable square feet of building space on an estimated 1-acre parcel of land.​ This Shell Gas Station is subject to a 20-year Triple Net (NNN) lease, which commenced 11/22/2020.​ The current annual rent is $260,639 and has scheduled increases of 2.00% annually.​

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  Long Term Absolute Triple Net Lease | There are over fifteen years remaining on an original twenty year absolute triple net (NNN) lease. There are no landlord responsibilities, making it the perfect opportunity for a passive investor.

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  Attractive Annual Increases | The lease features two percent (2%) annual increases throughout the base term of the lease and throughout the two, ten-year option periods.

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  Strong Demographics | Within one mile of the property there are over 16,000 individuals, over 92,700 within three miles, and over 213,000 individuals within five miles of this Shell. The population within a one mile radius grew by 4.7% over the last five years. The average household income within a five mile radius exceeds $88,400.

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  Tax Free State of Florida | Riviera Beach is a suburb of Fort Lauderdale and city in Palm Beach County, the third most-populous county after Miami-Dade and Broward County. Riviera Beach is home to the Port of Palm Beach and a United States Coast Guard Station, in addition the city is home to Blue Heron Bridge, one of the country's top-rated beach dive sites. The subject property is less than seven miles from the Palm Beach International Airport.